Lead Credit Risk Analyst- Forecasting

MERJE; London; Hybrid; GBP 50,000 - 60,000; Full time

Job summary

An established industry player is seeking a skilled analyst to develop and optimize advanced forecasting models. In this pivotal role, you will drive improvements in portfolio performance by providing actionable insights and ensuring the accuracy of predictions. You will collaborate cross-functionally with various teams, lead a talented group of analysts, and present strategic recommendations to senior management. If you have a passion for data analysis and a strong background in the consumer credit industry, this opportunity offers a dynamic environment where your contributions will significantly impact business outcomes.

Qualifications

• 3+ years’ experience in forecasting and portfolio analysis in consumer credit.
• Strong background in IFRS9 impairments and credit model development.

Responsibilities

• Design and implement advanced forecasting models for key portfolios.
• Lead and mentor a team of analysts focused on forecasting and analysis.

Skills

Forecasting

Data Analysis

Statistical Modeling

Team Leadership

Communication Skills

Education

Bachelor's Degree in a related field

Tools

SAS

R

Python

Job description

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Full Job Description

Up to £60K!

London/ Yorkshire 1 day a week

You will be responsible for developing, implementing, and optimizing advanced forecasting models, ensuring the accuracy of predictions, and driving improvements in portfolio performance. Your analysis will support key business functions in identifying trends, managing risk, and capitalizing on opportunities.

Key Responsibilities:

1. Forecasting Models: Design and implement advanced forecasting models for key portfolios (e.g., credit cards, loans, vehicle finance) to predict trends, risks, and opportunities. Ensure the models are accurate, up-to-date, and tailored to evolving business needs.
2. Data Analysis & Insights: Use statistical models and advanced data analytics techniques to provide actionable insights into portfolio performance, risk exposure, and credit quality.
3. Performance Monitoring: Regularly track and assess portfolio performance, using forecasting data to inform operational strategies and adjust forecasts where necessary.
4. Stakeholder Communication: Present your findings and actionable recommendations to senior management and other key stakeholders to influence strategic decisions and drive performance improvements.
5. Team Leadership: Lead, mentor, and support a team of analysts focused on forecasting and portfolio analysis. Provide guidance on best practices, share knowledge, and help develop the team’s skills.
6. Collaboration: Work cross-functionally with teams in risk management, finance, product development, and operations to align forecasting efforts with business goals.
7. Continuous Improvement: Continuously improve forecasting models and methodologies to enhance accuracy, reduce forecasting errors, and ensure the effectiveness of decision-making processes.

Key Requirements:

1. 3+ years’ experience in forecasting, portfolio analysis, or a related field within the consumer credit industry.
2. Strong background in IFRS9 impairments
3. Extensive experience in developing, validating or monitoring credit models (impairment, stress testing, forecasting)
4. Strong background using advanced analytics tools (e.g., SAS, R, Python).
5. Proven ability to manage and develop an analytical team, prioritizing tasks and delivering strategic guidance.
6. Expertise in converting complex data into business insights, and the ability to communicate findings effectively to non-technical stakeholders.
7. Ability to anticipate trends and adjust forecasting strategies based on emerging data and market conditions.
8. Strong attention to detail and a passion for accuracy in forecasting and performance monitoring.

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